Gold price keeps its positive stability – Analysis - 27-05-2022
Gold price ended yesterday above 1850.00 level, to keep the bullish trend scenario active for the upcoming period, supported by the EMA50 that carries the price from below, waiting to resume the bullish wave that targets 1890.00 as a next main station.
The price might witness some sideways fluctuation until managing to gather enough positive momentum to push trades to rise again, reminding you that the continuation of the expected rise depends on the price stability above 1850.00 and 1838.10 levels.
The expected trading range for today is between 1840.00 support and 1880.00 resistance.
The expected trend for today: Bullish
The USDCAD attacks the support – Analysis - 27-05-2022
The USDCAD pair succeeded to achieve our waited target at 1.2770, and begins today with clear negativity to attack this level and move below it now, reinforcing the expectations of extending the correctional bearish wave, on its way to visit 1.2695 as a next negative target.
Therefore, we will continue to suggest the bearish trend for the upcoming period supported by the negative pressure formed by the EMA50, taking into consideration that holding below 1.2770 represents initial condition to continue the expected decline.
The expected trading range for today is between 1.2670 support and 1.2800 resistance.
The expected trend for today: Bearish
The USDJPY resumes the decline – Analysis - 27-05-2022
The USDJPY pair resumes its negative trading to move away from 127.40, and breaks 126.90 level now to add more confirmation to the continuation of the bearish trend in the upcoming sessions, and the way is open to head towards our next negative target that reaches 125.00.
Therefore, we will continue to suggest the bearish trend on the intraday basis unless the price rallied to breach 127.40 followed by 128.00 levels and hold above them.
The expected trading range for today is between 126.00 support and 127.40 resistance
The expected trend for today: Bearish
The GBPUSD surpasses the resistance - Analysis - 27-05-2022
The GBPUSD pair managed to breach 1.2590 strongly to confirm the continuation of the bullish trend domination, organized inside the bullish channel that appears on the chart, which reinforces the chances of achieving more positive targets that start at 1.2725 and extend to 1.2860.
The EMA50 continues to support the suggested bullish wave, which will remain valid conditioned by the price stability above 1.2590 – 1.2560 levels.
The expected trading range for today is between 1.2590 support and 1.2750 resistance.
The expected trend for today: Bullish